The Gold Coast Titans have released Jarryd Hayne from the final year of his contract

The Hayne Plane en-route to Sydney

Tegan Lawson

2017-11-30T06:24:16Z

After weeks of speculation, the Gold Coast Titans have this afternoon confirmed Jarryd Hayne has been released from the final year of his $1.2 million contract.

A statement released by the club said it was a mutual decision, with Hayne finding the past 16-months equally tough and enjoyable.

"I thank the Titans members, fans, Board, staff and players for what they have done for me and my family over that time, with special mention Rebecca Frizelle, Graham Annesley and Anthony Laffranchi,” Hayne said today.

Titans Chief Executive, Graham Annesley, said that signing Jarryd showed the Titans can compete with the best in the game and attract marquee players.

“There is no doubt his signing was the biggest coup in the Titans short history, and although it hasn’t worked out as everyone had hoped, including Jarryd, the club has benefited in many ways from his presence. We wish Jarryd nothing but the best for his future both on and off the field,” Annesley said in a statement.

Hayne requested release on compassionate grounds, so he could move to Sydney to be close to his baby daughter.

He's tipped to sign with his former club, the Parramatta Eels, on a deal worth half-a-million dollars.